Altus Power Inc (NYSE: AMPS) is -8.11% lower on its value in year-to-date trading and has touched a low of $2.71 and a high of $7.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMPS stock was last observed hovering at around $3.69 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $3.74, the stock is -6.72% and -5.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 1.36% at the moment leaves the stock -0.94% off its SMA200. AMPS registered -34.27% loss for a year compared to 6-month loss of -13.63%. The firm has a 50-day simple moving average (SMA 50) of $3.9438 and a 200-day simple moving average (SMA200) of $3.77545.
The stock witnessed a 5.35% gain in the last 1 month and extending the period to 3 months gives it a 7.47%, and is -1.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.63% over the week and 7.79% over the month.
Altus Power Inc (AMPS) has around 93 employees, a market worth around $598.40M and $185.99M in sales. Current P/E ratio is 17.67. Profit margin for the company is 19.07%. Distance from 52-week low is 38.01% and -48.63% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
with sales reaching $47.06M over the same period.The EPS is expected to grow by 610.06% this year, but quarterly earnings will post 28.18% year-over-year. Quarterly sales are estimated to grow 37.64% in year-over-year returns.
Altus Power Inc (AMPS) Top Institutional Holders
187.0 institutions hold shares in Altus Power Inc (AMPS), with institutional investors hold 93.50% of the company’s shares. The shares outstanding are 159.99M, and float is at 95.61M with Short Float at 8.61%. Institutions hold 56.32% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 21.12 million shares valued at $82.78 million. The investor’s holdings represent 13.2784% of the AMPS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.13 million shares valued at $27.94 million to account for 4.4827 of the shares outstanding. The other top investors are ENCOMPASS CAPITAL ADVISORS LLC which holds 4.63 million shares representing 2.9106% and valued at over $18.14 million, while ROBECO SCHWEIZ AG holds 2.5153 of the shares totaling 4.0 million with a market value of $15.68 million.
Altus Power Inc (AMPS) Insider Activity
The most recent transaction is an insider purchase by Felton Gregg J, the company’s CO-FOUNDER, CEO & PRESIDENT. SEC filings show that Felton Gregg J bought 34,139 shares of the company’s common stock on Jun 07 ’24 at a price of $3.99 per share for a total of $0.14 million. Following the purchase, the insider now owns 12.04 million shares.
Altus Power Inc disclosed in a document filed with the SEC on Jun 04 ’24 that Felton Gregg J (CO-FOUNDER, CEO & PRESIDENT) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Jun 04 ’24 and was made at $3.99 per share for $99750.0. Following the transaction, the insider now directly holds 12.01 million shares of the AMPS stock.
Still, SEC filings show that on Jun 03 ’24, Felton Gregg J (CO-FOUNDER, CEO & PRESIDENT) acquired 8,285 shares at an average price of $4.03 for $33389.0. The insider now directly holds 11,985,464 shares of Altus Power Inc (AMPS).
